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The following user says Thank You to Big Mike for this post:
Thanks, Mike - I ddn't post there because I didn't particularly want to ask for something for nothing and this thread is "where it all started", at least as far these 3 setups are concerned ! However, I'm headed that way now... (3rd time lucky ?)
Thanks for responding, mystiq, but I am now being being helped privately. Apparently the solution for what I want lies in recoding the indicator rather than trying to configure within the limited ability of the Market Analyzer.
To repeat what I've posted in the distant past of this thread, I don't trade THE THREE SETUPS pure & simple, I use these M15 setups for "context" and then look for entries on a 5 tick range bar chart. However, I don't like trying to monitor lots of small charts, so I want to be alerted to possible "context" by Mkt An.
Btw, the version of Jeff's Reversals indicator I posted a few posts above is my "improved" version (I can't quite remember what I had improved : it was something to do with the alerts).
The following user says Thank You to jtrade for this post:
I don't think this was discussed in this thread. It's a rare occurrence but what if you get 2 patterns in a row OB followed by IB? Are the probability higher or the same? Should stops be adjusted to the OB low or high? Should you only trade the IB in the direction breakout of the previous OB? It comes down to contexts but we'll stick with the thread. Below are examples of OB and IB in different TF's.
The outside bar color is paint WHEN it goes outside the previous bar........the inside bar can only paint once the bar is complete.......a reversal bar is an assigned percentage of the complete bar and paints once the bar is complete.
All three of these conditions can be anticipated.......so you can be ready for them!
The following 2 users say Thank You to Jeff Castille for this post:
Personally........I have noticed that trades seems to develop on the half hour...........I see that you have looked at the 5/15 and the 60 minute........but not the 30 min..........any particuliar reason? ........or just haven't gotten there yet?